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2017-07-14 15:40:04

AXL

American Axle

$16.87

0.1 (0.60%)

15:40

07/14/17

07/14

15:40

07/14/17

15:40

American Axle attracts call buyers

American Axle attracts call buyers. The stock up a dime to $16.87 and Aug 17 calls trade across the exchanges from 85 to 95c per contract. 5.6K trade total against 29 open interest. The market is now 90 to 95c. These calls are 13c OTM and capture earnings in late-July.

AXLAmerican Axle

$16.87

0.1 (0.60%)

05/08/17

JPMS

05/08/17INITIATIONTarget $23JPMSOverweight

American Axle reinstated with an Overweight at JPMorgan

JPMorgan analyst Ryan Brinkman reinstated American Axle with an Overweight rating and $23 price target. The acquisition of Metaldyne Performance Group helps remove many of the historical reasons for company's low valuation, the analyst contends.

06/08/17

MSCO

06/08/17NO CHANGEMSCO

Morgan Stanley makes "big" cuts to US Auto Sales forecasts

Morgan Stanley analyst Adam Jonas made "big" cuts to his US auto industry sales forecast, reducing his 2017 US SAAR forecast to 17.3M units from 18.3M units, 2018 to 16.4M units from 18.9M units, 2019 to 15M units from 19.2M units, and 2020 to 15M units from 18.7M units. Jonas believes the auto cycle may be hitting a point of diminishing returns following 8 years into the biggest cycle on record as used car values erode, pressuring conditions for selling new vehicles, and said new vehicle inventory levels continue to rise. Additionally, the analyst expects electrical margins to face increasing competition from new entrants and higher development costs. As a result, Jonas cut estimates across the board and downgraded Lear (LEA) to Underweight from Equal Weight.

06/21/17

GUGG

06/21/17INITIATIONTarget $18GUGGBuy

American Axle initiated with a Buy at Guggenheim

Guggenheim analyst Emmanuel Rosner started American Axle with a Buy rating and $18 price target.

06/22/17

DBAB

06/22/17DOWNGRADEDBABHold

Dana Holding downgraded to Hold from Buy at Deutsche Bank

Deutsche Bank analyst Rod Lache downgraded Dana Holding (DAN) to Hold from Buy, noting that the stock has risen to within 5% of the firm's target. Looking at the broader space, he contends that the backdrop remains unfavorable for Auto/Auto Parts stocks, though select suppliers can outperform if SAAR moderates slowly. Lache maintains Buy ratings on BorgWarner (BWA), Delphi (DLPH), and American Axle (AXL), which he views as having favorable near-term set-ups.